SFGTV2: San Francisco Government Television
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the way we did was with tax dollars. you already paid for it, we're trying to give it back to you. and, so, we take a wholesale retail. we want to be the providers of the data as a fuel, but fuel, gasoline is useless to get you from point a to point b unless you consume that ultimately drives value to the american economy. our customer, i can completely agree with what shannon said in terms of our business objective, so to speak, is to empower entrepreneurs and innovators, to create jobs. that's a metric of success, not revenue generated per data set or some other per ifervance metric. the other piece of that looking back to the example of weather and gps, my monetization, is that together they contribute $100 billion to the american economy last year. last year alone from just those two data liberations. so, that is the way in which we are approaching from a strategy perspective, the ultimate impact to our customers. >> one super quick. one thing the city of san francisco or big cities or federal, right, the other smaller cities, smaller cities have smaller budgets. having a struc
the way we did was with tax dollars. you already paid for it, we're trying to give it back to you. and, so, we take a wholesale retail. we want to be the providers of the data as a fuel, but fuel, gasoline is useless to get you from point a to point b unless you consume that ultimately drives value to the american economy. our customer, i can completely agree with what shannon said in terms of our business objective, so to speak, is to empower entrepreneurs and innovators, to create jobs....
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four consecutive balanced budget with a tax cut, not a tax increase. >> a tiny tax cut compared to the biggest increase in history. >> we don't need to relitigate the 1990s. i mean -- >> but the point here is that this was -- clinton did face the charge that the economy would sour if he increased taxes. but he also cut defense spending over $250 billion over 10 years. and he has said recently, one of the reasons they lost the house in 1994 was that '93 deal. but here, where is the action, bob? >> well, having tried to do some reporting on this, first of all, i think the staff, the white house staff and the house staff, have met or talked five times. it really is down to obama and boehner at the table. i think you can only take a snapshot right now and try to look at what the experience the president has had recently. he won re-election. he's had lots of ceos in to meet with him. and this is interesting. they are telling him, mostly republicans, let's give on rates. it's not a big deal. i think the house leadership may have lost the parade that is supposed to be following them on that.
four consecutive balanced budget with a tax cut, not a tax increase. >> a tiny tax cut compared to the biggest increase in history. >> we don't need to relitigate the 1990s. i mean -- >> but the point here is that this was -- clinton did face the charge that the economy would sour if he increased taxes. but he also cut defense spending over $250 billion over 10 years. and he has said recently, one of the reasons they lost the house in 1994 was that '93 deal. but here, where is...
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a promise to never raise taxes. at one point, not signing would have been political suicide for republicans, but now, fears about the fiscal cliff and america's debt are pushing some seen here to renounce the pledge. i've been highlighting members of congress who have recently said they're getting over grover. one, tom cole, says he is not bound anymore. representative cole, you wrote allowing taxes to rise for the top bracket may seem acceptable by comparison, but this path would be enormously damaging for the economy. which meant you weren't going to do it. now, you've been urging your fellow congressmen to at least extend the bush era tax cuts to those making less than $250,000 and then do battle over tax cuts for the wealthy later. what has changed your mind? >> frankly, nothing, and you've mischaracterized my position. i'm not for raising tax rates on anybody. it's going to slow down, hurt rates. that's my position. not just because i signed a pledge, because that's what i believe. what i have said is we agree
a promise to never raise taxes. at one point, not signing would have been political suicide for republicans, but now, fears about the fiscal cliff and america's debt are pushing some seen here to renounce the pledge. i've been highlighting members of congress who have recently said they're getting over grover. one, tom cole, says he is not bound anymore. representative cole, you wrote allowing taxes to rise for the top bracket may seem acceptable by comparison, but this path would be enormously...
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Dec 9, 2012
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i do not know how we get there. >> the definition of tax reform is do not tax you, do not tax me -- >> on the second piece, the danger with putting goals that would leave it to the regular order -- the regular order will not produce a result. there are two ways to deal with that -- build another fiscal cliff to put on pressure, which puts us right back where we are, or have a default mechanism which has policy set aside that both sides do not like. one thing about the baseline -- under current law, if the congress packed its bags right now and went away, at the end of the 10-year period our debt to gdp ratio would be under 1%. he would definitely solve the deficit problem. >> under 1%? >> i believe. >> the percentage of your debt -- not the deficit to gdp? >> debt to gdp. now, we do not want to get there that way. the same way we do not want to go over the fiscal class. the fiscal cliff is big austerity -- you get $7 trillion in deficit reduction over 10 years. but you do not do it you really want to do it. when it comes to the baseline, you have to work together as part of an agreeme
i do not know how we get there. >> the definition of tax reform is do not tax you, do not tax me -- >> on the second piece, the danger with putting goals that would leave it to the regular order -- the regular order will not produce a result. there are two ways to deal with that -- build another fiscal cliff to put on pressure, which puts us right back where we are, or have a default mechanism which has policy set aside that both sides do not like. one thing about the baseline --...
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i think we need both tax revenue and much more than tax reform will give us, we also need higher tax rates and we also need spending cuts and it has to be balanced. i'm optimistic about this, it seems to me they're coming to common ground here on the tax side and the spending side. >> right now when i'm with the dreath democrats they say no cuts in medicaid, no cuts? social security. >> they kind of don't matter at this point, right? >> they don't matter, but it is going to be, we talked so much about the politics within the republican party and within the republican caucus in the house. but talk to senior democrats and they will tell you, even rank and file democrats, emmanuelle cleaver is important because he's the tom cole of the left, but it's going to be hard for them to walk in at the democratic caucuses that you're going to have to give on raising eligibility for medicare. >> you know the deals that were made, as few as they were recently have not been from the right to the left, but the speakinger has lost her left and the house speaker has los his right. >> there's got to be
i think we need both tax revenue and much more than tax reform will give us, we also need higher tax rates and we also need spending cuts and it has to be balanced. i'm optimistic about this, it seems to me they're coming to common ground here on the tax side and the spending side. >> right now when i'm with the dreath democrats they say no cuts in medicaid, no cuts? social security. >> they kind of don't matter at this point, right? >> they don't matter, but it is going to...
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letting taxes go up on everything. that's not what he wants. >> chris: payroll taxes. >> right. both sides have strong incentives to make a deal. not to mention they want to get out of town for christmas. >> bill, given all of that, and you were one of the early people who said republicans -- i just felt we would remind those who may have missed it, you said republicans don't want to fight over tax increases for millionaires. what's the smart play for republicans at this point and how do they get -- because it's all about taxes. how do they get the deficit debate back to spending and entitlements? >> they can do that next year once taxes are off the table. these pass an extension of all bush tax cuts which republicans believe is best. >> before the end of the year. >> yes, before christmas. then pass perhaps a second piece of legislation as a fallback if the senate doesn't accept the better piece. it makes accommodations to president obama and allows a hike up to 37% for millionaires. obama has a extreme position. 4% on every family making $250,000 or more. there are a a lot of
letting taxes go up on everything. that's not what he wants. >> chris: payroll taxes. >> right. both sides have strong incentives to make a deal. not to mention they want to get out of town for christmas. >> bill, given all of that, and you were one of the early people who said republicans -- i just felt we would remind those who may have missed it, you said republicans don't want to fight over tax increases for millionaires. what's the smart play for republicans at this point...
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. girl: well, inside the brewer, there's a giant staircase, and the room is filled with all these different kinds of coffee. actually, i just press this button. brew what you love, simply. keurig. ♪ >> this is what the judicial system is all about. it is to take care of the minority when they are being oppressed. >> the vast majority of states, four out of five states, the people have chosen to either vote themselves, or their elected representatives, to stick with traditional marriage. >> chris: two views on the supreme court's decision to wade into the debate over same sex marriage, it is time or our sunday group, bill kristol of the weekly standard, kristen powers, kimberley stras
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. girl: well, inside the brewer, there's a giant staircase, and the room is filled with all...
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the way for the tax cuts. here is what he's having to say about that. >> none of us want to raise the rates on anybody. but the reality is the rates on everybody go up at the end of the month. since we agree with the democrats, 98% of the american people and 80% of the bush tax cuts, get it off the table now so they don't worry about it. they are the president's leverage. the democrats are screaming your taxes are going to go up. >> that's the president's leverage in this debate as he's saying there. if congress extends the tax cut for everyone except the 2%, does it give the republicans the leverage they need after the new year? >> yeah. we are still going to have the fight over the debt ceiling. obama would love to take it off the table now. there's no way republicans are going to give that up. it's a crucial piece of leverage than the tax rates. as we saw a year and a half ago, that is really sort of putting the basic fiscal health of the country at risk. a lot of republicans are looking at that saying this
the way for the tax cuts. here is what he's having to say about that. >> none of us want to raise the rates on anybody. but the reality is the rates on everybody go up at the end of the month. since we agree with the democrats, 98% of the american people and 80% of the bush tax cuts, get it off the table now so they don't worry about it. they are the president's leverage. the democrats are screaming your taxes are going to go up. >> that's the president's leverage in this debate as...
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of course, the president is saying tax rates being tax rate, tax rates. he is trying to tap into the anger and angst of the election. if i have learned anything, if you get people to act out of anxietier and rage, you will make bad mistakes. what we have to look at is the issue of the deficit and the issue of getting people back to work. you know, when the president talks about, if we don't deal with the fiscal cliff, the average family will see their taxes go up $2,000 a year. in the last few years, their gasoline bill has increased $2500 a year. so we need to be dealing with the natural gas and the oil and the gasoline and the energy prices. >> not only a member of congress, a medical doctor and a psychiatrist. make you can get everybody on the couch. you mentioned taxes, taxes, taxes. here's an interesting take from robert robb. let me get your reaction to this. he said, quote, what obama is trying to do is force republicans to finance, through higher taxes and increased borrowing, the size of the furthermore government obama thinks is appropriate. oba
of course, the president is saying tax rates being tax rate, tax rates. he is trying to tap into the anger and angst of the election. if i have learned anything, if you get people to act out of anxietier and rage, you will make bad mistakes. what we have to look at is the issue of the deficit and the issue of getting people back to work. you know, when the president talks about, if we don't deal with the fiscal cliff, the average family will see their taxes go up $2,000 a year. in the last few...
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i'm thinking a carbon tax or wealth tax. >> wall street doesn't want a carbon tax. if you want less of something, tax it. they want cap and trade to play games and not improve the environment. we need a discussion about tax policy but follow the principle, the greater the gain the greater the burden you bare. many conservatives think that. they are running the debate and totally ahistorical. >> i think this is a really important point about what else favors the wealthy in our tax system. one of the critical issues is the system of deductions. today, the way deductions work, the mortgage deductions or charitable deduction. if you give $10,000, you do $10,000 of a mortgage amount in a year. because of the way rates work as a deduction, it's $3500 if you are in the rate of 35%. and $1500 if you are a middle class family in the 15% marginal rate. it's $10,000. same for two families and much bigger value. it's upsidedown. in a tax plan we put forward, we addressed that issue. we transformed everything into an 18% credit. it's fair across the board. deductions are a way,
i'm thinking a carbon tax or wealth tax. >> wall street doesn't want a carbon tax. if you want less of something, tax it. they want cap and trade to play games and not improve the environment. we need a discussion about tax policy but follow the principle, the greater the gain the greater the burden you bare. many conservatives think that. they are running the debate and totally ahistorical. >> i think this is a really important point about what else favors the wealthy in our tax...
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and when these people zero in-- as erskine said they zero in on taxes, taxes, taxes, we said you've got revenue one to four, three times spending cuts versus one of revenue, but you go into the code and like this one, you go to home mortgage interest deduction and the housing industry guys, all the lobbyists go nuts. we said, look, we're not going to take it away from you but it doesn't need to be a million buck on a second home. we said take it to 500,000, give everybody a 12.5% nonrefundable tax credit which helps the little guy. and they go, "oh, yeah, i guess that might work." everybody is in the game. this will be savagery, full-page ads, ladies, old charge, veterans, simpson-bowles are doing their tricks out there. hang on tight. it's going to be a real, real struggle. >> schieffer: let me just ask you, you caught a lot of people's attention, including ourselves last week, when you did this video on internet to try to get young people-- >> eskind, will you quit laughing. i can hear efers kin hear erskine laughing. >> stop instagramming your breakfast and tweeting your first world
and when these people zero in-- as erskine said they zero in on taxes, taxes, taxes, we said you've got revenue one to four, three times spending cuts versus one of revenue, but you go into the code and like this one, you go to home mortgage interest deduction and the housing industry guys, all the lobbyists go nuts. we said, look, we're not going to take it away from you but it doesn't need to be a million buck on a second home. we said take it to 500,000, give everybody a 12.5% nonrefundable...
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they are flattening the tax rates. they're creating jobs and growing their economies at twice the rate of this lunacy that the president continues to pursue. >> we have a short-run problem, which is purely a political problem about this fiscal cliff. it has nothing to do with the bondholder and the debt. we should solve that. we should work on that. >>> we got to take a break. lots more roundtable. >>> plus, why did the tea party star quit the senate? what does it mean for the gop? >>> hillary's next move. the world is her oyster now, but what does she want? to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. that retiring some day is even an option for sean and me. how'd you get comfortable enough to know you could re
they are flattening the tax rates. they're creating jobs and growing their economies at twice the rate of this lunacy that the president continues to pursue. >> we have a short-run problem, which is purely a political problem about this fiscal cliff. it has nothing to do with the bondholder and the debt. we should solve that. we should work on that. >>> we got to take a break. lots more roundtable. >>> plus, why did the tea party star quit the senate? what does it mean...
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sot's both cutting and taxing, we're too focused on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means tt people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happen the worse case scenario, but in five years we won't be notble to borrow money. >> brenda: julian, you can go ahead and respd. >> first of all, the ernst & young study has been debunked over and over. and number two, the bush tax cuts,f you let the bush tax cuts. the crs study was a republican study and found the same thing as the cbo. if you letush tax cuts expire on everybody, yes, you would have negative economic impact. the two staetudies done recentl shows the top two rates, top 2%, virtually no impact. to jonas' point if you raise taxes a the lot and cut spending a lot and so austerity
sot's both cutting and taxing, we're too focused on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means tt people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happen the worse case scenario, but in five...
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how about that for tax reform! check it out yourself in the documentary "capitol crimes" on our website billmoyers.com. you'll see the story of how the man who has the republican party under his thumb came to washington to start a revolution and wound up running a racket. now he's the proxy for the powerful interest groups that finance him. so, not only does the norquist pledge symbolize a "political system short on legitimacy," as christopher caldwell wrote, it isn't even about principle or ideology. conservatism my foot, it's all about the money. coming up on "moyers and company," poet james autry on living a life of gratitude, no matter what. >> the world is very much with us. and i'm no pollyanna, but i choose gratitude as an interior journey, an interior practice that sort of this one that, if i can choose to be grateful for my life, love the life i have in the midst of all this, then i can be grateful for other things. >> and at our website, billmoyers.com, you can find out more about fighting back against th
how about that for tax reform! check it out yourself in the documentary "capitol crimes" on our website billmoyers.com. you'll see the story of how the man who has the republican party under his thumb came to washington to start a revolution and wound up running a racket. now he's the proxy for the powerful interest groups that finance him. so, not only does the norquist pledge symbolize a "political system short on legitimacy," as christopher caldwell wrote, it isn't even...
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>> 2%. >> raise taxes. >> 2%? >> raise tax revenue by capping deductions at 2%. >> at 2% of income? >> no, no, no. that will cause a revolution. [ laughter ] >> a bad idea. >> he said it would raise 400, $500 billion over a decades assuming the deductions were still allowed. that is more than half of the g.o.p. revenue goal. >> what you want to do is put a limit on the offsets you can have applied to your income if you're in the upper ranges of the income spectrum, okay? the top 2% is what he is talking about. there is something to that. i think whatever the program is, it seems to me we must do something about it. because otherwise if we have -- the debt ceiling is the critical issue. because if we get up there and we will get up there sometime between now and february, you could have another great collapse in terms of the confidence notice american dollar that. would be a huge, huge issue for the united states. so we must be in a position where it is not that we have authorized the spending of the money, we just don't have the money. we're running a deficit of $25 billion every we
>> 2%. >> raise taxes. >> 2%? >> raise tax revenue by capping deductions at 2%. >> at 2% of income? >> no, no, no. that will cause a revolution. [ laughter ] >> a bad idea. >> he said it would raise 400, $500 billion over a decades assuming the deductions were still allowed. that is more than half of the g.o.p. revenue goal. >> what you want to do is put a limit on the offsets you can have applied to your income if you're in the upper ranges...
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raise the tax rate for the rich? that's at the top of the list but besides this and getting a deal done on time, what would really stuff the president's stocking, giving him a fresh start for his second term. shopping days, what would it take to make everyone happy or equally unhappy? a cut in government spending, a squeeze on medicare and medicaid. anything else? and finally hillary, clintons, both of them, global figures abroad, political superstars at home. to become in the four years, does she just have to wait? would anyone challenge her for the prize? could a hot new republican give her trouble, or cause her not to run? i'm chris matthews, welcome to the show. with us today, john harris, kelly o'donnell, michelle caruso-cabrera and david ignatius with "the washington post." first up, will president obama convince republicans to give him a compromise that's big enough, sweeping enough to end this month on a high note? to cap off his election win and get a clean start on his second term. a victory for the preside
raise the tax rate for the rich? that's at the top of the list but besides this and getting a deal done on time, what would really stuff the president's stocking, giving him a fresh start for his second term. shopping days, what would it take to make everyone happy or equally unhappy? a cut in government spending, a squeeze on medicare and medicaid. anything else? and finally hillary, clintons, both of them, global figures abroad, political superstars at home. to become in the four years, does...
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after the other 98%, that means energy tax, gasoline tax. the president talked about cover tax, all those things on the self next year. >> it hits everyone. steve moore, always great to have you. >> great to be with you. >> regulating water. it may sound strange but the government says water could be a pollutant and based on epa regulations it could cost homeowners their private property. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? >>> do you know water could be classified as a pollutant. if the epa thinks there's too much in your neighborhood they can take away your home, flatte
after the other 98%, that means energy tax, gasoline tax. the president talked about cover tax, all those things on the self next year. >> it hits everyone. steve moore, always great to have you. >> great to be with you. >> regulating water. it may sound strange but the government says water could be a pollutant and based on epa regulations it could cost homeowners their private property. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50%...
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it doesn't say we're going to raise taxes, it says this group for sure, your taxes are not saying get that done with, moving on the, the speakers put out a proposal, it makes sense to me. at the end of the month, taxes go up for everybody. let's make sure where we can, we save as many of those tax cuts for as many people as possible. it's not waving a red flag to recognize political reality. >> if speaker boehner comes to you all with a package that promises entitlement reform, or puts us on a path to it, or whatever, it does the same thing it does to spending cuts, does he have support within the caucus for raising tax rates? >> well, remember, tax rates are going up anyway, we're not raising them. that's current law. i think what the speaker has supported -- and you should look at the proposal he put out. the most interesting thing to me was every single one of our major leaguers signed it, paul ryan, who has a role because of his vice presidential nomination -- >> $800 billion worth of revenue. >> yes, a speaker is very strong, got us through a tough election, maintained our majori
it doesn't say we're going to raise taxes, it says this group for sure, your taxes are not saying get that done with, moving on the, the speakers put out a proposal, it makes sense to me. at the end of the month, taxes go up for everybody. let's make sure where we can, we save as many of those tax cuts for as many people as possible. it's not waving a red flag to recognize political reality. >> if speaker boehner comes to you all with a package that promises entitlement reform, or puts us...
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generate revenues by creating new tax payers, not new taxes. [applause] only way to generate the kind of taxpayers. safe. but regulations cost money to follow. creation. that is why we should implement final say on it. [applause] getting control of our debt. it is critically important. it is not enough. we need to do more. rich countries on the planet. this new energy opens all kinds of jobs we need most, right now. middle-class work. [applause] the way our interest rates and currency are treated is another cause of unpredictability injected right into our economy. over time. place. they're just taking a big chunk out of middle-class families in the care. i wish more americans had the just like the members of congress do. that is why we should all be shocked that obamacare cuts the amount you can contribute. this is also what obamacare did, and not only requires you to get a prescription to purchase over-the-counter medications and pay for it -- that is willing to sell it to them. with tax-free money, just like their employers buy it now. [appl
generate revenues by creating new tax payers, not new taxes. [applause] only way to generate the kind of taxpayers. safe. but regulations cost money to follow. creation. that is why we should implement final say on it. [applause] getting control of our debt. it is critically important. it is not enough. we need to do more. rich countries on the planet. this new energy opens all kinds of jobs we need most, right now. middle-class work. [applause] the way our interest rates and currency are...
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even the estate tax and deductions and exemptions and he'll be done with tax reform. i think his goal is to make this set of tax changes permanents. >> i think he wants one other thing, republican fingerprints, that is votes in favor of raising rates because he knows if that happens. he decides the republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute, if you're saying we go over the cliff, nothing happens in december, come january the president will not turn around and insist on andis ... >> well, things in the middle east went from bad to worse this week with reports to the syrian military is preparing temp cal weapons that could be used against its own
even the estate tax and deductions and exemptions and he'll be done with tax reform. i think his goal is to make this set of tax changes permanents. >> i think he wants one other thing, republican fingerprints, that is votes in favor of raising rates because he knows if that happens. he decides the republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this...
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they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners on the streets and asked them about how they feel about how much tax they pay let's take a listen i'm not looking for us person these players such as think it should be fair across the board move people should pay proportionately. it could be. you know going from it really. feels like it's going to the fact that it's in the. communities it's just so as you can see you know a lot of people just extremely frustrated that they aren't getting any of their local services back it's demoralizing figure and as the government had promised to recognize marriage to provide some of these tax breaks they haven't done that yet and in the run up to christmas with prices on the rise food prices fuel prices just the price of heating a family's home this is very very bad news and a lot of people feeling extremely frustrated about it. itali
they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners on the streets and asked them about how they feel about how much tax they pay let's take a listen i'm not looking for us person these players such as think it should be fair across the board move people should pay proportionately. it could be. you know going from...
SFGTV: San Francisco Government Television
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florence mar, tax director of the office of treasurer tax collectors. we'd like to thank supervisor campos for sponsoring this ordinance. it follows the efforts of former supervisor montgomery gold rick, alioto-pier, [speaker not understood], enforcing the san francisco parking tax. as background, parking tax has been in effect over 40 years. rent tax paid for parking, the operator collects the tax from the occupant, holds it in trust and remits it to the city on a monthly basis. it is a significant and growing revenue source for the city generating over $70 million annually. most of the tax is appropriated by board and to mta. the three components that i'll mention briefly here relate to parking bond, administrative citations, and the government agencies. parking bonds are required of operators to protect the city's interests and provide security for the taxes that the operator remits to the city. the legislation expands to a level of the bonding required of parking operators from 7 to 18. and this is in response to industry requests for smaller bands
florence mar, tax director of the office of treasurer tax collectors. we'd like to thank supervisor campos for sponsoring this ordinance. it follows the efforts of former supervisor montgomery gold rick, alioto-pier, [speaker not understood], enforcing the san francisco parking tax. as background, parking tax has been in effect over 40 years. rent tax paid for parking, the operator collects the tax from the occupant, holds it in trust and remits it to the city on a monthly basis. it is a...
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>> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes, could be. >> chris: there you go, see you next week, don't forget, check out panel plus where our group picks up right with the discussion on our web site, foxnewssunday.com and we'll post the video before noon eastern time and follow us on twitter. @foxnewssunday. this program note: tune into fox news channel tonight at 9:00 p.m. eastern for "fly me to the moon" anchored by neil cavuto it marks the 40th anniversary of the last time man walked on the lunar surface. up next on "final thoughts." about my best friend. ♪ i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting
>> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes, could be. >> chris: there you go, see you...
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gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there is no other standard flying over that field. there is a spker of the house to is simply saying, this is not right. you know, we are not at the table and complaining, but not, not engaging. >> i think we have got to engage the argument. we cannot win the argument while acknowledging that an increase in tax rates would increase revenues and all. it will just today the top 1 percent are paying about 40 percent of the income tax. the top 25 percent are paying 87% of the income tax. it does not get any better than that. this is under the bush tax rates. you eliminate the tax rates and you will get less revenues, more capitol flight from the united sta
gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there is no other standard flying over that field. there is a spker of the house to is simply saying, this is...
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well the payroll tax holiday, it was created in 2010, it had a two-year tax extension, it expires on december 31st. this is a 2% payroll tax that all americans were enjoying. if nothing is resolved, your first paycheck in january is going to be 2% lighter. that may not sound like a lot. but you take a person who's makimake $50,000 per year, it's about 1,700 a year. >> i'm going to guess that even if we do leap off the cliff, we'll have some type of a resolution, some type of a deal that will be retroactive back to january 1. but why play with poison like that, right now have to expect that you want that deal done now. >> what are the convinces for tfor -- consequences for military personnel? >> just on the defense sector alone, you're looking at $55 billion in cuts just to the defense budget. you have to look at the ancillary part of this. you look at real estate holdings, homes that are have a close proximity to defense. >> final question for you, todd, a major confusion going on here, it's about this so-called $250,000 there are hold for house holds, does this mean that all of the
well the payroll tax holiday, it was created in 2010, it had a two-year tax extension, it expires on december 31st. this is a 2% payroll tax that all americans were enjoying. if nothing is resolved, your first paycheck in january is going to be 2% lighter. that may not sound like a lot. but you take a person who's makimake $50,000 per year, it's about 1,700 a year. >> i'm going to guess that even if we do leap off the cliff, we'll have some type of a resolution, some type of a deal that...
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. >> alisyn: he has the upper hand in this because he wants taxes to go up. >> a tax cut is not a tax cut at all, we extend, we extend. there is a difference there. >> right. >> like you were saying, clayton, representative randy forbes, i guess kind of well, leading the way and saying the president doesn't want an agreement and well, listen to him. >> the president doesn't really want to get an agreement or a compromise. he wants to get his way. and that's why he won't come to the table with any serious proposal and simply talk because i think if we do that. we can get a solution that everybody could live with. we're willing it sit down and negotiate and talk about the ideas and principles, where is the senate and where is the president. and sitting at the table the senate and president are missing in action. >> alisyn: it's the president's address this weekend where i heard him sound the most definitive. he sounds like he will not budge on that $250,000 line for families and for businesses. there is he been a the lot of talk, will he raise it to a million. >> half a million. >> half
. >> alisyn: he has the upper hand in this because he wants taxes to go up. >> a tax cut is not a tax cut at all, we extend, we extend. there is a difference there. >> right. >> like you were saying, clayton, representative randy forbes, i guess kind of well, leading the way and saying the president doesn't want an agreement and well, listen to him. >> the president doesn't really want to get an agreement or a compromise. he wants to get his way. and that's why he...
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more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to the principle compromise so we have a sustainable debt to g.d.p. ratio so our economy grows. that is what the compromise should the have to do and tax reform and entitlements and raising marginal tax rates. >> heather: do you think compromise is in progress in terms of the meeting today? >> any time the parties are talking face to face and not picking up the phone and having short conversations is a good thing. occasionally a deal gets done. we've been down this road before. boehner thought he had a deal with the president and president tho
more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to...
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tax rates. congress could enact a program of tax reform that would lower rates and eliminate interest reductions. the president could open up more federal lands and offshore areas for energy exploration. his administration could take a more balanced approach to new regulations. economic growth can help solve our fiscal problems if the economy had grown at the percentage as it has done in the past. the treasury could have collected an additional 650 billion dollars in fiscal year 2012. the deficit that would have fallen. still bad, but remarkably better than where we find ourselves today. republicans stand ready to work with president obama for a balanced and bipartisan solution. so far, no evidence of that. let's create a long-term solution that does not burden individuals and gives businesses optimism to go forward and invest in the american economy. then the economy can grow for all citizens. i look forward to the testimony of our witnesses. >> thank you. i will introduce our two witnesses. dr
tax rates. congress could enact a program of tax reform that would lower rates and eliminate interest reductions. the president could open up more federal lands and offshore areas for energy exploration. his administration could take a more balanced approach to new regulations. economic growth can help solve our fiscal problems if the economy had grown at the percentage as it has done in the past. the treasury could have collected an additional 650 billion dollars in fiscal year 2012. the...
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the bush tax cuts lapse. what they're talking about is let's extent bush tax cuts for the 98%, let them go up maybe not 39.6% but 37%, something like that. then next year, when the republicans have more leverage with the debt ceiling and also with the government running out of money, that's the point they go after the president on spending. both social programs as well as entitlement reform. i'm not sure you're going to get a big deal right now but you might get enough to avoid the fiscal cliff and then more fighting next year over spending. >> will republicans accept a 38% tax rate for the wealthy? and will democrats accept reductions in entitlement spending? >> that's a good question. corker would accept 37% but he speaks for a few senators. he doesn't speak for the house republican majority and john boehner though it seems to be moving that direction. i'm not sure the president would accept 37% because i'm not sure he gets enough money. you need enough money, whether there's some -- yes, partial increase i
the bush tax cuts lapse. what they're talking about is let's extent bush tax cuts for the 98%, let them go up maybe not 39.6% but 37%, something like that. then next year, when the republicans have more leverage with the debt ceiling and also with the government running out of money, that's the point they go after the president on spending. both social programs as well as entitlement reform. i'm not sure you're going to get a big deal right now but you might get enough to avoid the fiscal cliff...
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it shifted the way it has on taxes. senator mcconnell put on the floor a resolution that said it was his idea, not ours, that let the president raise the debt ceiling. it's money congress has already spent and let congress by two-thirds override it. he thought we democrats would run from that scared as could be. within a half hour we had 51 votes, we called his bluff and he filibustered his proposal. the sure footed mitch mcconnell stumbled. i believe debt ceiling will be part of the agreement. and i believe our republican colleagues learned that to say the government will not pay its debt and hold it up for something else is bad substance and bad politics. i don't think they'll prevail. if they want to say we won't raise the debt ceiling unless we cut medicare, make our day. >> meaning go ahead and default the country? >> no, meaning that is untenable and won't last. >> i want to go to other subjects. senator schumer, on the first day of the next congress in january, will democrats change the rules on filibusters by a
it shifted the way it has on taxes. senator mcconnell put on the floor a resolution that said it was his idea, not ours, that let the president raise the debt ceiling. it's money congress has already spent and let congress by two-thirds override it. he thought we democrats would run from that scared as could be. within a half hour we had 51 votes, we called his bluff and he filibustered his proposal. the sure footed mitch mcconnell stumbled. i believe debt ceiling will be part of the agreement....
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taxes back to the pre-bush rates. he gets all tax increases and can blame the ones not popular on republicans for not negotiating. he gets something he'll never get, never get in a negotiation. if you look at the spending cuts, half out of defense, half out of domestic. defense makes up 16% of the budget. the rest is domestic. there's no way that you're going to have any kind of budget deal that's negotiated that's going to take as much as r out of defense. >> you think he has leverage because he can say go over the cliff. >> he wants the defense cuts. he gets all of the defense cuts, more than he would get in a negotiation and all of tax increases, including the money from the unpopular ones. he wants the money because he wants more spending -- wants to be able to spend more. and he gets really a fairly small down payment on domestic discretionary cuts, half a trillion dollars is a drop in the bucket of what we have to do. he gets two things he wants. >> one of things he's going to be facing in the second term is a m
taxes back to the pre-bush rates. he gets all tax increases and can blame the ones not popular on republicans for not negotiating. he gets something he'll never get, never get in a negotiation. if you look at the spending cuts, half out of defense, half out of domestic. defense makes up 16% of the budget. the rest is domestic. there's no way that you're going to have any kind of budget deal that's negotiated that's going to take as much as r out of defense. >> you think he has leverage...